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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 548,355 $ 594,001
Marketable securities 336,458 282,738
Trade and royalty receivables, net 197,660 160,822
Inventory, net 30,058 30,577
Prepaid expenses and other current assets 56,207 150,491
Total current assets 1,168,738 1,218,629
Fixed assets, net 92,779 87,089
Intangible assets, net 330,040 379,497
Goodwill 82,341 82,341
Operating lease ROU assets 91,186 91,896
Deposits and other assets 24,545 36,246
Total assets 1,789,629 1,895,698
Current liabilities:    
Accounts payable and accrued expenses 330,924 391,983
Deferred revenue   801
Operating lease liabilities- current 14,572 13,002
Finance lease liabilities- current 1,948 3,000
Liability for sale of future royalties - current 227,102 194,314
Total current liabilities 574,546 603,100
Long-term debt 284,512 284,213
Contingent consideration payable 36,200 36,300
Deferred tax liability 55,904 55,905
Operating lease liabilities- noncurrent 104,837 97,627
Finance lease liabilities- noncurrent 15,574 17,184
Liability for sale of future royalties- noncurrent 1,611,831 1,619,783
Other long-term liabilities 141 141
Total liabilities 2,683,545 2,714,253
Stockholders' deficit:    
Common stock, $0.001 par value. Authorized 250,000,000 shares; issued and outstanding 76,653,960 shares at March 31, 2024. Authorized 250,000,000 shares; issued and outstanding 75,708,889 shares at December 31, 2023 76 75
Additional paid-in capital 2,486,722 2,466,233
Accumulated other comprehensive loss (5,560) (1,285)
Accumulated deficit (3,375,154) (3,283,578)
Total stockholders' deficit (893,916) (818,555)
Total liabilities and stockholders' deficit $ 1,789,629 $ 1,895,698